I have been on a payment arrangement with Bank of America since about 2007. There are several lates showing back in 2007. The account is closed. I finally have the money to pay off the entire balance. Can I use this as leverage to get these lates or TL removed from my CR? Should I call or write? Anyone had success with this?
Let me know if you have any success.
I have 3 BoA cards that were closed in 2007 and i have been on a payment plan too. All my lates were in 2007 also.
This month, i will be paying off one of the cards. So i'm hoping to GW the 2007 lates so this account becomes positive.
The problem with BOA is that they don't "say" no - they just don't respond until you've hit a nerve & contacted someone higher up then they use the good stationary to say NO! LOL!!! I've been trying to get someone at BOA to delete a paid account or at least the lates with no luck for months. Let me know if you have some luck!
The truth.... I was broke at the time I defaulted (without any sob story) but I have paid it in full thru the CA & I know that it's against their policy to delete TL's but if they can find it in their heart to delete it I would greatly appreciate it. I'm desperate to have this resolved. I want to make my dream of owning a home a reality - NOT FOR ME but for my kids!
Thank you for the replies, everyone.
I guess my major question is which should I do?
1) Pay off the balance and later GW B of A
2) Wait to pay off the balance until I can get a PFD in writing or some other agreement in my favor?
Start with an attempt to PFD - send a letter, wait a few weeks, send another letter, wait a few weeks, etc.
Eventually, after enough ignored PFD letters (or actual "nos") and for your own piece of mind, I would then just pay it and flip to the GW strategy. However, I have been trying to get a few lates removed from a BOA loan still in good standing (line of credit, closed, but has been on-time for years now) and I have gotten multiple, adamant "nos" in response to my GW letters. Therefore, I would try really hard for a PFD first because BOA seems to be very unwilling to remove lates through GW. The incentive of PIF will give you a much better chance.
I would keep trying and maybe re-word the letter to have them make an goodwill "adjustment" on your accounts rather then "delete the file" You might also mention that you choose the option of a payment plan that would allow you to pay the balance in full rather then a settlement amount.
Thanks everyone! I'll keep you posted!